Dodd-Frank Banking
Office of Financial Research Releases FY 2012-2014 Strategic Framework
Banking The Treasury’s Office of Financial Research, or OFR, released its Strategic Framework for FY 2012 to FY 2014. The strategic framework explains the goals and principles that will guide the OFR’s work, spells out the architecture for the OFR, and sets out a framework for accountability. The Dodd-Frank Act established the OFR within the Treasury [...] Read more →
CFPB Begins Accepting Complaints on Student Loans
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, is now accepting complaints from borrowers having difficulties with their private student loans. The CFPB will assist all... Read more →
CFPB Proposes Rule for the Protection of Privileged Information
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, has issued a proposed rule that would codify protections for privileged information submitted to the CFPB by the financial... Read more →
CFPB Begins Taking Complaints on Bank Accounts
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, has begun accepting consumer complaints about bank accounts, including checking accounts, savings accounts, CDs, and related... Read more →
Proposed Red Flags Rules Jointly Announced by the SEC and CFTC
Banking, Consumer Protection Under the Fair and Accurate Credit Transactions Act of 2003 (the “FACT Act”), the Federal Credit Reporting Act was amended to require that certain federal agencies, including... Read more →
CFTC Issues Final Internal Business Conduct Rules for Swap Dealers—Commissioners O’Malia and Sommers Are Not Impressed
Banking, Derivatives, Energy The CFTC approved four final rules (the “Internal Business Conduct Rules”) affecting duties of swap dealers (“SDs”) and major swap participants (“MSPs”) today, with... Read more →
CFPB Launches Inquiry Into Overdraft Practices
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, has launched an inquiry into checking account overdraft programs to determine how these practices are impacting consumers. As... Read more →
CFPB Proposes Rule to Supervise Consumer Debt Collection and Consumer Reporting Markets
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, has announced a proposed rule to include debt collectors and consumer reporting agencies under its nonbank supervision program.... Read more →
ABA Dodd-Frank Guide for Community Banks
Banking The American Bankers Association has published a useful guide for community banks on the Dodd-Frank Act. The guide summarizes a number of key areas of concern. Check... Read more →
CFPB Seeks Input on Monthly Mortgage Statement
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, is seeking public input on a draft monthly mortgage statement that is designed to make it easier for homeowners to understand... Read more →